8-K 1 bsl03003.txt MARCH 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 25, 2004 BEAR STEARNS ALT-A TRUST Mortgage Pass-Through Certificates, Series 2003-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-23 54-2126369 Pooling and Servicing Agreement) (Commission 54-2126370 (State or other File Number) 54-2126368 jurisdiction 54-6553667 of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On March 25, 2004 a distribution was made to holders of BEAR STEARNS ALT-A TRUST, Mortgage Pass-Through Certificates, Series 2003-3 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-3 Trust, relating to the March 25, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BEAR STEARNS ALT-A TRUST Mortgage Pass-Through Certificates, Series 2003-3 Trust By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 3/31/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-3 Trust, relating to the March 25, 2004 distribution. EX-99.1

Bear Stearns ALT-A Trust Mortgage Pass-Through Certificates Record Date: 112/3029/032004 Distribution Date: 123/2625/032004 BSL Series: 2003-3 Contact: ~~CTSLink~~ Customer Service - CTSLink Wells Fargo Bank ~~Minnesota~~, N.A. ~~Corporate~~Securities ~~Trust~~Administration Services ~~9062~~7485 ~~Old~~New ~~Annapolis~~Horizon ~~Road~~Way ~~Columbia~~Frederick, MD ~~21045-1951~~21703 Telephone: (301) 815-6600 Fax: (301) 815-~~6600~~6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A 07386HCE9 SEN 4.~~61437~~61706% ~~162~~151,~~321~~002,~~104~~609.3455 ~~624~~580,~~174~~990.9918 28,~~929~~662,~~332~~732.7982 I-X 07386HCF6 IO 0.26600% 0.00 109,~~223~~749.5021 0.00 II-A 07386HCT6 SEN 4.~~65067~~64308% ~~257~~252,~~988~~196,~~168~~889.3352 ~~999~~975,~~847~~808.5204 15,~~475~~385,~~306~~741.5019 II-X 07386HCG4 IO 0.18700% 0.00 4039,~~203~~300.1668 0.00 III-A 07386HCH2 SEN 1.~~46875~~44000% ~~131~~119,~~583~~484,~~943~~812.3178 ~~166~~138,~~421~~602.7038 43,~~302~~084,~~539~~619.1869 IV-A 07386HCJ8 SEN 4.~~39866~~36867% 2524,~~840~~374,~~919~~540.0331 9488,~~721~~736.2495 ~~890~~908,~~306~~564.1870 V-A 07386HCK5 SEN 4.~~63558~~62649% 4139,~~347~~533,~~528~~298.2061 ~~159~~152,~~724~~416.9394 1524,~~180~~722.0332 VI-A 07386HCL3 SEN 4.~~90031~~90452% 1817,~~162~~928,~~210~~229.9798 7473,~~167~~274.0239 ~~212~~54,~~951~~779.2901 S SWAP 3.~~59244~~93790% 0.00 ~~407~~379,~~053~~029.7850 0.00 R-I 07386HCQ2 R 4.~~40990~~40055% 0.00 0.00 0.00 R-II 07386HCR0 R 4.~~40990~~40055% 0.00 0.00 0.00 R-III 07386HCS8 R 4.~~40990~~40055% 0.00 0.00 0.00 B-1 07386HCM1 SUB 4.~~83390~~82338% 13,~~277~~261,~~422~~337.6973 53,~~484~~303.7971 5,~~392~~337.9671 B-2 07386HCN9 SUB 4.~~83390~~82338% 10,~~482~~469,~~270~~571.4771 42,~~225~~082.2226 4,~~257~~214.6402 B-3 07386HCP4 SUB 4.~~83390~~82338% 6,~~289~~281,~~142~~523.4647 25,~~334~~248.2547 2,~~554~~528.4932 B-4 07386HCU3 SUB 4.~~83390~~82338% 6,~~988~~979,~~280~~814.2327 28,~~150~~055.5524 2,~~838~~809.4739 B-5 07386HCV1 SUB 4.~~83390~~82338% 2,~~096~~093,~~314~~774.2162 8,~~444~~415.4889 ~~851~~842.4775 B-6 07386HCW9 SUB 4.~~83390~~82338% 2,~~096~~094,~~830~~289.0888 8,~~446~~417.5696 ~~851~~842.6895 Totals ~~678~~645,~~474~~700,~~134~~692.3243 2,~~742~~603,~~623~~431.6980 918,~~842~~137,~~362~~734.6887

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 ~~159~~142,~~391~~339,~~771~~876.5573 39,~~553~~243,~~507~~723.7800 0.00 I-X 0.00 0.00 109,~~223~~749.5021 0.00 II-A 0.00 ~~256~~246,~~512~~811,~~861~~148.8333 26,~~475~~361,~~154~~549.0223 0.00 II-X 0.00 0.00 4039,~~203~~300.1668 0.00 III-A 0.00 ~~127~~116,~~281~~400,~~404~~193.1409 43,~~468~~223,~~960~~222.8807 0.00 IV-A 0.00 2423,~~950~~465,~~612~~975.8461 ~~985~~997,~~027~~301.4265 0.00 V-A 0.00 4139,~~332~~508,~~348~~576.1729 ~~174~~177,~~904~~139.9626 0.00 VI-A 0.00 17,~~949~~873,~~259~~450.6897 ~~287~~128,~~118~~053.3140 0.00 S 0.00 0.00 ~~407~~379,~~053~~029.7850 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 B-1 0.00 13,~~272~~256,~~029~~000.7203 58,~~877~~641.7542 0.00 B-2 0.00 10,~~478~~465,~~012~~357.8369 46,~~482~~296.8628 0.00 B-3 0.00 6,~~286~~278,~~587~~995.9614 27,~~888~~776.7479 0.00 B-4 0.00 6,~~985~~977,~~441~~004.7688 30,~~989~~864.0263 0.00 B-5 0.00 2,~~095~~092,~~462~~931.7388 9,~~295~~258.9564 0.00 B-6 0.00 2,~~095~~093,~~978~~446.4092 9,~~298~~260.2491 0.00 Totals 0.00 ~~668~~627,~~631~~562,~~771~~957.6156 1220,~~584~~741,~~986~~166.3767 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) I-A 171,568,600.00 ~~162~~151,~~321~~002,~~104~~609.3455 8377,~~356~~571.8799 28,~~845~~585,~~975~~160.9283 0.00 0.00 I-X 0.00 0.00 0.00 0.00 0.00 0.00 II-A 261,860,600.00 ~~257~~252,~~988~~196,~~168~~889.3352 ~~101~~98,~~548~~764.3616 15,~~373~~286,~~758~~977.1403 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 III-A 138,846,800.00 ~~131~~119,~~583~~484,~~943~~812.3178 5045,~~951~~781.4095 43,~~251~~038,~~587~~837.7874 0.00 0.00 IV-A 25,932,300.00 2524,~~840~~374,~~919~~540.0331 2018,~~612~~107.6244 ~~869~~890,~~693~~457.5626 0.00 0.00 V-A 41,583,300.00 4139,~~347~~533,~~528~~298.2061 1,~~700~~719.0656 1323,~~479~~002.9776 0.00 0.00 VI-A 18,319,500.00 1817,~~162~~928,~~210~~229.9798 0.00 ~~212~~54,~~951~~779.2901 0.00 0.00 S 0.00 0.00 0.00 0.00 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 R-III 50.00 0.00 0.00 0.00 0.00 0.00 B-1 13,288,100.00 13,~~277~~261,~~422~~337.6973 5,~~392~~337.9671 0.00 0.00 0.00 B-2 10,490,700.00 10,~~482~~469,~~270~~571.4771 4,~~257~~214.6402 0.00 0.00 0.00 B-3 6,294,200.00 6,~~289~~281,~~142~~523.4647 2,~~554~~528.4932 0.00 0.00 0.00 B-4 6,993,900.00 6,~~988~~979,~~280~~814.2327 2,~~838~~809.4739 0.00 0.00 0.00 B-5 2,098,000.00 2,~~096~~093,~~314~~774.2162 ~~851~~842.4775 0.00 0.00 0.00 B-6 2,098,516.29 2,~~096~~094,~~830~~289.0888 ~~851~~842.6895 0.00 0.00 0.00 Totals 699,374,666.29 ~~678~~645,~~474~~700,~~134~~692.3243 ~~274~~258,~~916~~520.0224 917,~~567~~879,~~446~~214.6663 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution I-A 28,~~929~~662,~~332~~732.7982 ~~159~~142,~~391~~339,~~771~~876.5573 0.~~92902647~~82963827 28,~~929~~662,~~332~~732.7982 I-X 0.00 0.00 0.00000000 0.00 II-A 15,~~475~~385,~~306~~741.5019 ~~256~~246,~~512~~811,~~861~~148.8333 0.~~97957792~~94252877 15,~~475~~385,~~306~~741.5019 II-X 0.00 0.00 0.00000000 0.00 III-A 43,~~302~~084,~~539~~619.1869 ~~127~~116,~~281~~400,~~404~~193.1409 0.~~91670391~~83833544 43,~~302~~084,~~539~~619.1869 IV-A ~~890~~908,~~306~~564.1870 2423,~~950~~465,~~612~~975.8461 0.~~96214423~~90489373 ~~890~~908,~~306~~564.1870 V-A 1524,~~180~~722.0332 4139,~~332~~508,~~348~~576.1729 0.~~99396508~~95010680 1524,~~180~~722.0332 VI-A ~~212~~54,~~951~~779.2901 17,~~949~~873,~~259~~450.6897 0.~~97978982~~97565168 ~~212~~54,~~951~~779.2901 S 0.00 0.00 0.00000000 0.00 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 B-1 5,~~392~~337.9671 13,~~272~~256,~~029~~000.7203 0.~~99879063~~99758431 5,~~392~~337.9671 B-2 4,~~257~~214.6402 10,~~478~~465,~~012~~357.8369 0.~~99879063~~99758431 4,~~257~~214.6402 B-3 2,~~554~~528.4932 6,~~286~~278,~~587~~995.9614 0.~~99879063~~99758431 2,~~554~~528.4932 B-4 2,~~838~~809.4739 6,~~985~~977,~~441~~004.7688 0.~~99879063~~99758431 2,~~838~~809.4739 B-5 ~~851~~842.4775 2,~~095~~092,~~462~~931.7388 0.~~99879062~~99758431 ~~851~~842.4775 B-6 ~~851~~842.6895 2,~~095~~093,~~978~~446.4092 0.~~99879063~~99758431 ~~851~~842.6895 Totals 918,~~842~~137,~~362~~734.6887 ~~668~~627,~~631~~562,~~771~~957.6156 0.~~95604231~~89732012 918,~~842~~137,~~362~~734.6887

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 171,568,600.00 ~~946~~880.~~10030239~~12963648 0.~~48585155~~45213396 1650.~~58797659~~03923113 0.00000000 I-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A 261,860,600.00 ~~985~~963.~~21185826~~09597366 0.~~38779549~~37716312 520.~~24614295~~19004398 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 138,846,800.00 ~~947~~860.~~69158029~~55143352 0.~~36696128~~32972996 3021.~~62071132~~88626414 0.00000000 IV-A 25,932,300.00 ~~996~~939.~~47617180~~92975209 0.~~79486278~~69825816 3334.~~53707770~~33776641 0.00000000 V-A 41,583,300.00 ~~994~~950.~~33013253~~70132986 0.~~04088324~~04135218 0.~~32416788~~55317303 0.00000000 VI-A 18,319,500.00 ~~991~~978.~~41411993~~64188324 0.00000000 112.~~62429597~~99020224 0.00000000 S 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 13,288,100.00 ~~999~~997.~~19647579~~98599725 0.~~40584884~~40169099 0.00000000 0.00000000 B-2 10,490,700.00 ~~999~~997.~~19647593~~98599807 0.~~40584899~~40169102 0.00000000 0.00000000 B-3 6,294,200.00 ~~999~~997.~~19647612~~98599822 0.~~40584824~~40169045 0.00000000 0.00000000 B-4 6,993,900.00 ~~999~~997.~~19647550~~98599780 0.~~40584938~~40169147 0.00000000 0.00000000 B-5 2,098,000.00 ~~999~~997.~~19647760~~98599619 0.~~40584843~~40169209 0.00000000 0.00000000 B-6 2,098,516.29 ~~999~~997.~~19647514~~98600086 0.~~40584865~~40168857 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A 0.00000000 1750.~~07382814~~49136509 ~~929~~829.~~02647425~~63827140 0.~~92902647~~82963827 1750.~~07382814~~49136509 I-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A 0.00000000 520.~~63393844~~56720709 ~~979~~942.~~57791982~~52876657 0.~~97957792~~94252877 520.~~63393844~~56720709 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 3022.~~98767260~~21599410 ~~916~~838.~~70390776~~33543942 0.~~91670391~~83833544 3022.~~98767260~~21599410 IV-A 0.00000000 3435.~~33194048~~03602457 ~~962~~904.~~14423094~~89372751 0.~~96214423~~90489373 3435.~~33194048~~03602457 V-A 0.00000000 0.~~36505111~~59452521 ~~993~~950.~~96508141~~10680465 0.~~99396508~~95010680 0.~~36505111~~59452521 VI-A 0.00000000 112.~~62429597~~99020224 ~~979~~975.~~78982396~~65168100 0.~~97978982~~97565168 112.~~62429597~~99020224 S 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.~~40584884~~40169099 ~~998~~997.~~79062620~~58430701 0.~~99879063~~99758431 0.~~40584884~~40169099 B-2 0.00000000 0.~~40584899~~40169102 ~~998~~997.~~79062694~~58430705 0.~~99879063~~99758431 0.~~40584899~~40169102 B-3 0.00000000 0.~~40584824~~40169045 ~~998~~997.~~79062629~~58430619 0.~~99879063~~99758431 0.~~40584824~~40169045 B-4 0.00000000 0.~~40584938~~40169147 ~~998~~997.~~79062612~~58430632 0.~~99879063~~99758431 0.~~40584938~~40169147 B-5 0.00000000 0.~~40584843~~40169209 ~~998~~997.~~79062440~~58430887 0.~~99879062~~99758431 0.~~40584843~~40169209 B-6 0.00000000 0.~~40584865~~40168857 ~~998~~997.~~79062650~~58430753 0.~~99879063~~99758431 0.~~40584865~~40168857 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-A 171,568,600.00 4.~~61437~~61706% ~~162~~151,~~321~~002,~~104~~609.3455 ~~624~~580,~~175~~990.0018 0.00 0.00 I-X 0.00 0.26600% 4643,~~121~~981,~~048~~399.5604 109,~~223~~749.5021 0.00 0.00 II-A 261,860,600.00 4.~~65067~~64308% ~~257~~252,~~988~~196,~~168~~889.3352 ~~999~~975,~~847~~808.5304 0.00 0.00 II-X 0.00 0.18700% ~~257~~252,~~988~~196,~~168~~889.3352 4039,~~203~~300.1668 0.00 0.00 III-A 138,846,800.00 1.~~46875~~44000% ~~131~~119,~~583~~484,~~943~~812.3178 ~~166~~138,~~421~~602.7138 0.00 0.00 IV-A 25,932,300.00 4.~~39866~~36867% 2524,~~840~~374,~~919~~540.0331 9488,~~721~~736.2495 0.00 0.00 V-A 41,583,300.00 4.~~63558~~62649% 4139,~~347~~533,~~528~~298.2061 ~~159~~152,~~724~~416.9394 0.00 0.00 VI-A 18,319,500.00 4.~~90031~~90452% 1817,~~162~~928,~~210~~229.9798 7473,~~167~~274.0239 0.00 0.00 S 0.00 3.~~59244~~93790% ~~131~~119,~~583~~484,~~943~~812.3178 ~~407~~379,~~053~~029.7850 0.00 0.00 R-I 50.00 4.~~40990~~40055% 0.00 0.00 0.00 0.00 R-II 50.00 4.~~40990~~40055% 0.00 0.00 0.00 0.00 R-III 50.00 4.~~40990~~40055% 0.00 0.00 0.00 0.00 B-1 13,288,100.00 4.~~83390~~82338% 13,~~277~~261,~~422~~337.6973 53,~~484~~303.7971 0.00 0.00 B-2 10,490,700.00 4.~~83390~~82338% 10,~~482~~469,~~270~~571.4771 42,~~225~~082.2226 0.00 0.00 B-3 6,294,200.00 4.~~83390~~82338% 6,~~289~~281,~~142~~523.4647 25,~~334~~248.2547 0.00 0.00 B-4 6,993,900.00 4.~~83390~~82338% 6,~~988~~979,~~280~~814.2327 28,~~150~~055.5524 0.00 0.00 B-5 2,098,000.00 4.~~83390~~82338% 2,~~096~~093,~~314~~774.2162 8,~~444~~415.4889 0.00 0.00 B-6 2,098,516.29 4.~~83390~~82338% 2,~~096~~094,~~830~~289.0888 8,~~446~~417.5696 0.00 0.00 Totals 699,374,666.29 2,~~742~~603,~~623~~431.7280 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance I-A 0.0100 0.00 ~~624~~580,~~174~~990.9918 0.00 ~~159~~142,~~391~~339,~~771~~876.5573 I-X 0.00 0.00 109,~~223~~749.5021 0.00 4642,~~101~~904,~~960~~751.2033 II-A 0.0100 0.00 ~~999~~975,~~847~~808.5204 0.00 ~~256~~246,~~512~~811,~~861~~148.8333 II-X 0.00 0.00 4039,~~203~~300.1668 0.00 ~~256~~246,~~512~~811,~~861~~148.8333 III-A 0.00 0.00 ~~166~~138,~~421~~602.7038 0.00 ~~127~~116,~~281~~400,~~404~~193.1409 IV-A 0.00 0.00 9488,~~721~~736.2495 0.00 2423,~~950~~465,~~612~~975.8461 V-A 0.00 0.00 ~~159~~152,~~724~~416.9394 0.00 4139,~~332~~508,~~348~~576.1729 VI-A 0.00 0.00 7473,~~167~~274.0239 0.00 17,~~949~~873,~~259~~450.6897 S 0.00 0.00 ~~407~~379,~~053~~029.7850 0.00 ~~127~~116,~~281~~400,~~404~~193.1409 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 53,~~484~~303.7971 0.00 13,~~272~~256,~~029~~000.7203 B-2 0.00 0.00 42,~~225~~082.2226 0.00 10,~~478~~465,~~012~~357.8369 B-3 0.00 0.00 25,~~334~~248.2547 0.00 6,~~286~~278,~~587~~995.9614 B-4 0.00 0.00 28,~~150~~055.5524 0.00 6,~~985~~977,~~441~~004.7688 B-5 0.00 0.00 8,~~444~~415.4889 0.00 2,~~095~~092,~~462~~931.7388 B-6 0.00 0.00 8,~~446~~417.5696 0.00 2,~~095~~093,~~978~~446.4092 Totals 0.0200 0.00 2,~~742~~603,~~623~~431.6980 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall I-A 171,568,600.00 4.~~61437~~61706% ~~946~~880.~~10030239~~12963648 3.~~63804915~~38634331 0.00000000 0.00000000 I-X 0.00 0.26600% ~~999~~952.~~17231028~~81866871 0.~~22148321~~21120814 0.00000000 0.00000000 II-A 261,860,600.00 4.~~65067~~64308% ~~985~~963.~~21185826~~09597366 3.~~81824349~~72644086 0.00000000 0.00000000 II-X 0.00 0.18700% ~~985~~963.~~21185826~~09597366 0.~~15352886~~15008245 0.00000000 0.00000000 III-A 138,846,800.00 1.~~46875~~44000% ~~947~~860.~~69158029~~55143352 10.~~19859954~~99823964 0.00000000 0.00000000 IV-A 25,932,300.00 4.~~39866~~36867% ~~996~~939.~~47617180~~92975209 3.~~65263552~~42186964 0.00000000 0.00000000 V-A 41,583,300.00 4.~~63558~~62649% ~~994~~950.~~33013253~~70132986 3.~~84108356~~66534017 0.00000000 0.00000000 VI-A 18,319,500.00 4.~~90031~~90452% ~~991~~978.~~41411993~~64188324 43.~~04852862~~99980294 0.00000000 0.00000000 S 0.00 3.~~59244~~93790% ~~947~~860.~~69158029~~55143352 2.~~93167563~~72983965 0.00000000 0.00000000 R-I 50.00 4.~~40990~~40055% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 4.~~40990~~40055% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 4.~~40990~~40055% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 13,288,100.00 4.~~83390~~82338% ~~999~~997.~~19647579~~98599725 4.~~02501411~~01138688 0.00000000 0.00000000 B-2 10,490,700.00 4.~~83390~~82338% ~~999~~997.~~19647593~~98599807 4.~~02501454~~01138723 0.00000000 0.00000000 B-3 6,294,200.00 4.~~83390~~82338% ~~999~~997.~~19647612~~98599822 4.~~02501509~~01138667 0.00000000 0.00000000 B-4 6,993,900.00 4.~~83390~~82338% ~~999~~997.~~19647550~~98599780 4.~~02501466~~01138707 0.00000000 0.00000000 B-5 2,098,000.00 4.~~83390~~82338% ~~999~~997.~~19647760~~98599619 4.~~02501430~~01138704 0.00000000 0.00000000 B-6 2,098,516.29 4.~~83390~~82338% ~~999~~997.~~19647514~~98600086 4.~~02501522~~01138654 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A 0.~~00000006~~00000000 0.00000000 3.~~63804910~~38634331 0.00000000 ~~929~~829.~~02647425~~63827140 I-X 0.00000000 0.00000000 0.~~22148321~~21120814 0.00000000 ~~998~~929.~~75877760~~49403465 II-A 0.~~00000004~~00000000 0.00000000 3.~~81824345~~72644086 0.00000000 ~~979~~942.~~57791982~~52876657 II-X 0.00000000 0.00000000 0.~~15352886~~15008245 0.00000000 ~~979~~942.~~57791982~~52876657 III-A 0.00000000 0.00000000 10.~~19859946~~99823964 0.00000000 ~~916~~838.~~70390776~~33543942 IV-A 0.00000000 0.00000000 3.~~65263552~~42186964 0.00000000 ~~962~~904.~~14423094~~89372751 V-A 0.00000000 0.00000000 3.~~84108356~~66534017 0.00000000 ~~993~~950.~~96508141~~10680465 VI-A 0.00000000 0.00000000 43.~~04852862~~99980294 0.00000000 ~~979~~975.~~78982396~~65168100 S 0.00000000 0.00000000 2.~~93167563~~72983965 0.00000000 ~~916~~838.~~70390776~~33543942 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 4.~~02501411~~01138688 0.00000000 ~~998~~997.~~79062620~~58430701 B-2 0.00000000 0.00000000 4.~~02501454~~01138723 0.00000000 ~~998~~997.~~79062694~~58430705 B-3 0.00000000 0.00000000 4.~~02501509~~01138667 0.00000000 ~~998~~997.~~79062629~~58430619 B-4 0.00000000 0.00000000 4.~~02501466~~01138707 0.00000000 ~~998~~997.~~79062612~~58430632 B-5 0.00000000 0.00000000 4.~~02501430~~01138704 0.00000000 ~~998~~997.~~79062440~~58430887 B-6 0.00000000 0.00000000 4.~~02501522~~01138654 0.00000000 ~~998~~997.~~79062650~~58430753 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1220,~~813~~947,~~436~~301.72 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 5352,~~428~~551.7049 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1220,~~866~~999,~~865~~853.4221 Withdrawals Reimbursement for Servicer Advances 4836,~~524~~917.1445 Payment of Service Fee ~~233~~221,~~354~~769.9210 Payment of Interest and Principal 1220,~~584~~741,~~986~~166.3666 Total Withdrawals (Pool Distribution Amount) 1220,~~866~~999,~~865~~853.4221 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~164~~154,~~067~~285.9654 Additional ~~Alliance~~Servicing ~~Service~~ Fee 6967,~~286~~483.9656 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~233~~221,~~354~~769.9210

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 3230 0 0 0 3230 108,~~079~~644,~~452~~534.4746 0.00 0.00 0.00 108,~~079~~644,~~452~~534.4746 60 Days 54 0 0 0 54 1,~~080~~218,~~254~~038.4342 0.00 0.00 0.00 1,~~080~~218,~~254~~038.4342 90 Days 12 0 0 0 12 ~~134~~752,~~962~~211.0986 0.00 0.00 0.00 ~~134~~752,~~962~~211.0986 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 01 0 03 0 04 0546,400.00 0.00 0213,650.0033 0.00 0760,050.0033 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3837 0 03 0 3840 11,~~294~~161,~~668~~184.9974 0.00 0213,650.0033 0.00 11,~~294~~374,~~668~~835.9907 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~499531~~474201% 0.000000% 0.000000% 0.000000% 1.~~499531~~474201% 1.~~506993~~377020% 0.000000% 0.000000% 0.000000% 1.~~506993~~377020% 60 Days 0.~~234302~~196560% 0.000000% 0.000000% 0.000000% 0.~~234302~~196560% 0.~~161510~~194026% 0.000000% 0.000000% 0.000000% 0.~~161510~~194026% 90 Days 0.~~046860~~098280% 0.000000% 0.000000% 0.000000% 0.~~046860~~098280% 0.~~020178~~119823% 0.000000% 0.000000% 0.000000% 0.~~020178~~119823% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.~~000000~~049140% 0.000000% 0.~~000000~~147420% 0.000000% 0.~~000000~~196560% 0.~~000000~~087038% 0.000000% 0.~~000000~~034033% 0.000000% 0.~~000000~~121071% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.~~780694~~818182% 0.000000% 0.~~000000~~147420% 0.000000% 1.~~780694~~965602% 1.~~688682~~777907% 0.000000% 0.~~000000~~034033% 0.000000% 1.~~688682~~811940%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1A No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 32 0 0 0 32 1710,~~050,447~~909.0165 0.00 0.00 0.00 1710,~~050,447~~909.0165 60 Days 01 0 0 0 01 0477,534.0034 0.00 0.00 0.00 0477,534.0034 90 Days 01 0 0 0 01 0392,211.0086 0.00 0.00 0.00 0392,211.0086 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 34 0 0 0 34 1,~~050~~580,~~447~~655.0185 0.00 0.00 0.00 1,~~050~~580,~~447~~655.0185 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~980392~~722022% 0.000000% 0.000000% 0.000000% 0.~~980392~~722022% 0.~~846551~~645030% 0.000000% 0.000000% 0.000000% 0.~~846551~~645030% 60 Days 0.~~000000~~361011% 0.000000% 0.000000% 0.000000% 0.~~000000~~361011% 0.~~000000~~433281% 0.000000% 0.000000% 0.000000% 0.~~000000~~433281% 90 Days 0.~~000000~~361011% 0.000000% 0.000000% 0.000000% 0.~~000000~~361011% 0.~~000000~~355866% 0.000000% 0.000000% 0.000000% 0.~~000000~~355866% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~980392~~444043% 0.000000% 0.000000% 0.000000% 01.~~980392~~444043% 01.~~846551~~434177% 0.000000% 0.000000% 0.000000% 01.~~846551~~434177% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1B No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 03 0 0 0 03 0910,415.0012 0.00 0.00 0.00 0910,415.0012 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 03 0 0 0 03 0910,415.0012 0.00 0.00 0.00 0910,415.0012 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 02.~~000000~~222222% 0.000000% 0.000000% 0.000000% 02.~~000000~~222222% 02.~~000000~~121243% 0.000000% 0.000000% 0.000000% 02.~~000000~~121243% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 02.~~000000~~222222% 0.000000% 0.000000% 0.000000% 02.~~000000~~222222% 02.~~000000~~121243% 0.000000% 0.000000% 0.000000% 02.~~000000~~121243% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2116 0 0 0 2116 63,~~869~~641,~~666~~002.9548 0.00 0.00 0.00 63,~~869~~641,~~666~~002.9548 60 Days 42 0 0 0 42 ~~760~~550,~~154~~600.4300 0.00 0.00 0.00 ~~760~~550,~~154~~600.4300 90 Days 10 0 0 0 10 ~~134,962~~0.0900 0.00 0.00 0.00 ~~134,962~~0.0900 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 01 0 03 0 04 0546,400.00 0.00 0213,650.0033 0.00 0760,050.0033 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 2619 0 03 0 2622 74,~~764~~738,~~783~~002.4748 0.00 0213,650.0033 0.00 74,~~764~~951,~~783~~652.4781 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 21.~~108434~~652893% 0.000000% 0.000000% 0.000000% 21.~~108434~~652893% 21.~~516414~~382964% 0.000000% 0.000000% 0.000000% 21.~~516414~~382964% 60 Days 0.~~401606~~206612% 0.000000% 0.000000% 0.000000% 0.~~401606~~206612% 0.~~278451~~209135% 0.000000% 0.000000% 0.000000% 0.~~278451~~209135% 90 Days 0.~~100402~~000000% 0.000000% 0.000000% 0.000000% 0.~~100402~~000000% 0.~~049438~~000000% 0.000000% 0.000000% 0.000000% 0.~~049438~~000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.~~000000~~103306% 0.000000% 0.~~000000~~309917% 0.000000% 0.~~000000~~413223% 0.~~000000~~207539% 0.000000% 0.~~000000~~081151% 0.000000% 0.~~000000~~288690% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 21.~~610442~~962810% 0.000000% 0.~~000000~~309917% 0.000000% 2.~~610442~~272727% 21.~~844302~~799638% 0.000000% 0.~~000000~~081151% 0.000000% 21.~~844302~~880789% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 34 0 0 0 34 ~~621~~1,637,029.1369 0.00 0.00 0.00 ~~621~~1,637,029.1369 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 01 0 0 0 01 0360,000.00 0.00 0.00 0.00 0360,000.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 35 0 0 0 35 ~~621~~1,~~637~~997,029.1369 0.00 0.00 0.00 ~~621~~1,~~637~~997,029.1369 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~882353~~277955% 0.000000% 0.000000% 0.000000% 01.~~882353~~277955% 01.~~457015~~308316% 0.000000% 0.000000% 0.000000% 01.~~457015~~308316% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.~~000000~~319489% 0.000000% 0.000000% 0.000000% 0.~~000000~~319489% 0.~~000000~~287712% 0.000000% 0.000000% 0.000000% 0.~~000000~~287712% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~882353~~597444% 0.000000% 0.000000% 0.000000% 01.~~882353~~597444% 01.~~457015~~596029% 0.000000% 0.000000% 0.000000% 01.~~457015~~596029% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2 0 0 0 2 ~~371~~983,~~601~~727.3852 0.00 0.00 0.00 ~~371~~983,~~601~~727.3852 60 Days 10 0 0 0 10 ~~320,100~~0.00 0.00 0.00 0.00 ~~320,100~~0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 32 0 0 0 32 ~~691~~983,~~701~~727.3852 0.00 0.00 0.00 ~~691~~983,~~701~~727.3852 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.~~298851~~439024% 0.000000% 0.000000% 0.000000% 2.~~298851~~439024% 13.~~397644~~919291% 0.000000% 0.000000% 0.000000% 13.~~397644~~919291% 60 Days 10.~~149425~~000000% 0.000000% 0.000000% 0.000000% 10.~~149425~~000000% 10.~~203940~~000000% 0.000000% 0.000000% 0.000000% 10.~~203940~~000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 32.~~448276~~439024% 0.000000% 0.000000% 0.000000% 32.~~448276~~439024% 23.~~601585~~919291% 0.000000% 0.000000% 0.000000% 23.~~601585~~919291% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 5 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 23 0 0 0 23 ~~898~~761,~~100~~450.00 0.00 0.00 0.00 ~~898~~761,~~100~~450.00 60 Days 01 0 0 0 01 0189,904.0008 0.00 0.00 0.00 0189,904.0008 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 24 0 0 0 24 ~~898~~951,~~100~~354.0008 0.00 0.00 0.00 ~~898~~951,~~100~~354.0008 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~086957~~657459% 0.000000% 0.000000% 0.000000% 1.~~086957~~657459% 21.~~043894~~807958% 0.000000% 0.000000% 0.000000% 21.~~043894~~807958% 60 Days 0.~~000000~~552486% 0.000000% 0.000000% 0.000000% 0.~~000000~~552486% 0.~~000000~~450901% 0.000000% 0.000000% 0.000000% 0.~~000000~~450901% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 12.~~086957~~209945% 0.000000% 0.000000% 0.000000% 12.~~086957~~209945% 2.~~043894~~258860% 0.000000% 0.000000% 0.000000% 2.~~043894~~258860% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 6 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 10 0 0 0 10 ~~268,000~~0.00 0.00 0.00 0.00 ~~268,000~~0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 10 0 0 0 10 ~~268,000~~0.00 0.00 0.00 0.00 ~~268,000~~0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~265823~~000000% 0.000000% 0.000000% 0.000000% 10.~~265823~~000000% 10.~~403293~~000000% 0.000000% 0.000000% 0.000000% 10.~~403293~~000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 10.~~265823~~000000% 0.000000% 0.000000% 0.000000% 10.~~265823~~000000% 10.~~403293~~000000% 0.000000% 0.000000% 0.000000% 10.~~403293~~000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 5352,~~428~~551.7049

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 527,806,066.29 75.46828499% ~~509~~485,~~240~~223,~~000~~080.0683 7677.~~16150201~~31862996% 93.~~836142~~440700% 0.000000% Class II-A 265,945,466.29 38.02617954% ~~252~~238,~~727~~411,~~138~~932.2350 37.~~79765620~~99012190% 3839.~~363846~~328508% ~~622~~599.~~399889~~583928% Class III-A 127,098,666.29 18.17318705% ~~125~~122,~~445~~011,~~734~~739.0941 1819.~~76155747~~44215126% 1918.~~036099~~547971% ~~308~~282.~~834151~~773633% Class S 127,098,666.29 18.17318705% ~~125~~122,~~445~~011,~~734~~739.0941 1819.~~76155747~~44215126% 0.000000% 0.000000% Class IV-A 101,166,366.29 14.46526035% ~~100~~98,~~495~~545,~~121~~763.2580 15.~~02996500~~70292871% 3.~~731592~~739223% 6057.~~539883~~006427% Class V-A 59,582,916.29 8.51945590% 59,~~162~~037,~~773~~187.0851 89.~~84833411~~40737289% 6.~~181631~~295556% ~~100~~95.~~288339~~979082% Class B-1 27,975,316.29 4.00004713% 27,~~941~~907,~~483~~736.6851 4.~~17890457~~44700188% 12.~~984953~~112298% 32.203102% Class B-2 17,484,616.29 2.50003569% 17,~~463~~442,~~470~~378.8582 2.~~61182187~~77938311% 1.~~567083~~667619% 25.423731% Class B-3 11,190,416.29 1.60006029% 11,~~176~~163,~~882~~383.8968 1.~~67160511~~77884681% 01.~~940217~~000536% 15.253705% Class B-4 4,196,516.29 0.60003836% 4,~~191~~186,~~441~~378.1380 0.~~62686838~~66708507% 1.~~044737~~111762% 16.949396% Class B-5 2,098,516.29 0.30005609% 2,~~095~~093,~~978~~446.4092 0.~~31347275~~33358357% 0.~~313396~~333502% 5.084407% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~313473~~333584% 5.085658% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~261599~~250484% Weighted Average Net Coupon 4.~~971417~~963752% Weighted Average Pass-Through Rate 4.~~848870~~838338% Weighted Average Maturity(Stepdown Calculation ) ~~354~~351 Beginning Scheduled Collateral Loan Count 2,~~159~~076 Number Of Loans Paid In Full 2541 Ending Scheduled Collateral Loan Count 2,~~134~~035 Beginning Scheduled Collateral Balance ~~678~~645,~~474~~700,~~134~~692.1729 Ending Scheduled Collateral Balance ~~668~~627,~~631~~562,~~771~~957.5043 Ending Actual Collateral Balance at 3029-~~Nov~~Feb-~~2003~~2004 ~~668~~627,~~845~~770,~~342~~944.9285 Monthly P &I Constant 3,~~249~~083,~~798~~721.6011 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 1220,~~402~~559,~~153~~068.8300 Ending Scheduled Balance for Premium Loans ~~668~~627,~~631~~562,~~771~~957.5043 Scheduled Principal ~~274~~258,~~916~~520.0223 Unscheduled Principal 917,~~567~~879,~~446~~214.6663

Miscellaneous Reporting Group 1 Senior % 93.~~790648~~365691% Group 1 Senior Prepayment % 100.000000% Group 1 Subordinate % 6.~~209352~~634309% Group 1 Subordinate Prepayment % 0.000000% Group 2 Senior % 9493.~~021072~~898901% Group 2 Senior Prepayment % 100.000000% Group 2 Subordinate % 56.~~978928~~101099% Group 2 Subordinate Prepayment % 0.000000% Group 3 Senior % 93.~~799059~~221089% Group 3 Senior Prepayment % 100.000000% Group 3 Subordinate % 6.~~200941~~778911% Group 3 Subordinate Prepayment % 0.000000% Group 4 Senior % 9493.~~088828~~768865% Group 4 Senior Prepayment % 100.000000% Group 4 Subordinate % 56.~~911172~~231135% Group 4 Subordinate Prepayment % 0.000000% Group 5 Senior % 9493.~~068671~~814039% Group 5 Senior Prepayment % 100.000000% Group 5 Subordinate % 56.~~931329~~185961% Group 5 Subordinate Prepayment % 0.000000% Group 6 Senior % 9493.~~051745~~978789% Group 6 Senior Prepayment % 100.000000% Group 6 Subordinate % 56.~~948255~~021211% Group 6 Subordinate Prepayment % 0.000000%

Group Level Collateral Statement Group Group 1A Group 1B Group 2 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~060424~~062100 5.~~303715~~309569 5.~~224906~~222340 Weighted Average Net Rate 4.~~620424~~622100 4.~~863715~~869569 5.~~035715~~033068 Weighted Average Maturity ~~355~~352 ~~355~~352 ~~254~~251 Beginning Loan Count ~~313~~291 ~~142~~137 ~~1,002~~984 Loans Paid In Full 714 02 616 Ending Loan Count ~~306~~277 ~~142~~135 ~~996~~968 Beginning Scheduled Balance ~~126~~117,~~946~~751,~~423~~040.5716 4643,~~121~~981,~~048~~399.5604 ~~274~~268,~~393~~583,~~986~~431.2047 Ending scheduled Balance ~~124~~110,~~030~~159,~~660~~443.5500 4642,~~101~~904,~~960~~751.2033 ~~272~~263,~~912~~191,~~222~~273.1106 Record Date 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 Principal And Interest Constant ~~606~~563,~~477~~305.5901 ~~221~~211,~~577~~103.5688 1,~~302~~274,~~741~~043.6910 Scheduled Principal 7166,~~141~~582.9907 1716,~~733~~501.4797 ~~108~~105,~~005~~181.9638 Unscheduled Principal 27,~~844~~525,~~621~~015.0309 1,~~354~~060,145.8974 15,~~373~~286,~~758~~977.1403 Scheduled Interest ~~535~~496,~~335~~722.6094 ~~203~~194,~~844~~601.0991 1,~~194~~168,~~735~~861.7372 Servicing Fees 4643,~~547~~175.0239 16,~~911~~126.0652 4342,~~260~~362.9073 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 4645,~~381~~433.9537 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest ~~488~~453,~~788~~547.5855 ~~186~~178,~~933~~475.0339 1,~~105~~081,~~092~~065.8862 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 4.~~620424~~622100 4.~~863715~~869569 4.~~832874~~830077

Group Level Collateral Statement Group Group 3 Group 4 Group 5 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~669898~~638638 4.~~781713~~751315 5.~~018218~~008749 Weighted Average Net Rate 5.~~229898~~198638 4.~~638579~~609444 4.~~968218~~958749 Weighted Average Maturity ~~353~~350 349 352 ~~355~~ Beginning Loan Count ~~349~~320 8984 ~~184~~181 Loans Paid In Full 97 2 0 Ending Loan Count ~~340~~313 8782 ~~184~~181 Beginning Scheduled Balance ~~140~~128,~~282~~173,~~797~~586.5120 2725,~~464~~994,~~386~~278.0993 4342,~~954~~140,~~621~~066.4064 Ending scheduled Balance ~~135~~125,~~976~~085,~~890~~637.0031 2625,~~572~~084,~~784~~510.9195 4342,~~939~~115,~~334~~230.1894 Record Date 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 Principal And Interest Constant ~~717~~651,~~144~~381.0150 ~~131~~122,~~346~~233.6222 ~~185~~177,~~618~~723.8180 Scheduled Principal 5449,~~319~~111.7315 2119,~~907~~310.6272 1,~~807~~832.2594 Unscheduled Principal 43,~~251~~038,~~587~~837.7874 ~~869~~890,~~693~~457.5626 1323,~~479~~002.9776 Scheduled Interest ~~662~~602,~~824~~270.2835 ~~109~~102,~~439~~922.0050 ~~183~~175,~~811~~890.5686 Servicing Fees 5146,~~437~~996.0398 3,~~275~~073.8920 1,~~831~~755.4485 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 5,~~490~~215.9560 1211,~~184~~667.0494 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest ~~611~~555,~~387~~273.2537 ~~100~~94,~~672~~633.1670 ~~169~~162,~~796~~467.0807 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.~~229898~~198638 4.~~398663~~368671 4.~~635583~~626488

Group Level Collateral Statement Group Group 6 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~275308~~279515 5.~~261599~~250484 Weighted Average Net Rate 5.~~225308~~229515 4.~~971417~~963752 Weighted Average Maturity ~~356~~353.00 ~~354~~351.00 Record Date 1102/3029/~~2003~~2004 1102/3029/~~2003~~2004 Principal And Interest Constant 8483,~~892~~930.3260 3,~~249~~083,~~798~~721.6011 Beginning Loan Count 8079 2,~~159~~076 Loans Paid In Full 10 2541 Ending Loan Count 79 2,~~134~~035 Beginning Scheduled Balance 19,~~310~~076,~~870~~889.8485 ~~678~~645,~~474~~700,~~134~~692.1729 Ending Scheduled Balance 19,~~097~~022,~~919~~110.5584 ~~668~~627,~~631~~562,~~771~~957.5043 Scheduled Principal 0.00 ~~274~~258,~~916~~520.0223 Unscheduled Principal ~~212~~54,~~951~~779.2901 917,~~567~~879,~~446~~214.6663 Scheduled Interest 8483,~~892~~930.3260 2,~~974~~825,~~882~~200.5888 Servicing Fee ~~804~~794.6287 ~~164~~154,~~067~~285.9654 Master Servicing Fee 0.00 0.00 Trustee Fee 0.00 0.00 Fry Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 5,~~230~~166.0265 6967,~~286~~483.9656 Pool Insurance Fee 0.00 0.00 Spread 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 7877,~~857~~969.6808 2,~~741~~603,~~527~~431.6678 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 4.~~900308~~904515 4.~~848870~~838338

Filing Compare · STRUCTURED ASSET MORT INV INC MORT PAS THR CERTS SER 2003-3